Global DC Drives Market - Market Analysis 2015-2019

Market outlook of the DC drive market

Direct current (DC) drives are used for controlling the speed of DC electric motors and are mostly used in locomotive applications as they have high power thyristors and a simple design. Technavio’s market research analyst predicts the market to grow at a steady rate of around 9% during the forecast period. The retrofitting of DC drives with application front end (AFE) technology and the adoption by process industries to regulate the DC motors are driving the growth of the DC drives market.

The high installation cost and harmonic issues with the DC drive are posing a challenge to the growth of the market. Harmonic distortion is a leading cause of frequent power quality problems. . An increase in harmonic distortion leads to high energy loss, reduced life of the equipment, circuit breaks, high power consumption, and subscription costs. Investments are being made by the leading providers in the market to lessen the impact of these distortions on drives and motors.

Competitive landscape and key vendors

The global DC drives market is fragmented, and competition is intense between large automation vendors and small- core vendors. The major players in the Global DC Drives market are ABB, Schneider Electric, and Siemens. The large automation vendors dominate the low-voltage drives segment and the medium-voltage drives segment of the market while the small-core vendors provide application-specific DC drives to the manufacturing industries.

The leading vendors in the market are

• ABB
• Schneider
• Siemens

Other vendors in the market include Beijing Leader & Harvest Electric, Danfoss, Emerson, Fuji Electric, Hiconics Drive, Hitachi, Mitsubishi, Rockwell Automation, Toshiba, and Yaskawa America.

Segmentation by product and analysis of the DC drives market

• Low voltage drives
• Medium voltage drives

The low voltage drives are predicted to be the fastest growing segment during the forecast period. These drives are used in industries such as food and beverages, HVAC, and metal processing.

Segmentation by end user and analysis of the DC drives market

• Food and beverage
• Water and wastewater
• Heat ventilation and air conditioning (HVAC)
• Power
• Metal processing
• Textiles
• Conveyors
• Automotive

The research report forecasts the automotive industry to experience high demand for DC drives during the forecast period. Global warming and the need to control the rapid climate change has increased the demand for environment-friendly vehicles. A lot of countries have started using electric cars, and this is expected to drive the demand for DC drives.

Geographical segmentation of the DC drives market

• Americas
• EMEA
• APAC

APAC was the dominant region in the global DC drives market and is expected to have the largest market share by the end of 2019. The rapid industrialization and urbanization in countries such as China, India, Japan, and Korea is forecasted to fuel the growth of this region. Furthermore, the presence of leading Japanese vendors such as Mitsubishi Electric and Yaskawa has converted APAC as the most promising market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2019?
• What are the key factors driving the global DC drives market?
• What are the key market trends impacting the growth of the DC drives market?
• What are the challenges to market growth?
• Who are the key vendors in the DC drives market?
• What are the market opportunities and threats faced by the vendors in the DC drives market?
• Trending factors influencing the market shares of the Americas, EMEA, and APAC?
• What are the key outcomes of the five forces analysis of the global DC drives market?

Technavio also offers customization on reports based on specific client requirement.

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